Business
Form 144 BillionToOne For: 29 June
Business
Naspers Limited (NPSNY) Q4 2026 Earnings Call Transcript
Fabrício Blois
Group CEO & Executive Director
Hello, partners. Welcome to our results day. I’m Fabricio, I’m CEO of Prosus. Today morning, we released our results. I’m very excited about what we are delivering, and I hope you’ll enjoy our results call today.
Today is a special call. I’m not going only to show you the numbers, but we are going — we have 2 special guests, yes. Last time, you asked me to talk more about the ecosystem and food delivery. And today, we have the CEO of iFood and the CEO of Just Eat here with me to tell you much more details about what’s happening at Prosus.
I’m very excited about the results. I’m going to make an introduction to you about our ecosystem, and I hope you’ll enjoy what we are going to see today. So to start, first, I’m very happy on how Prosus is delivering. We are now much more focused. We are focused in delivery. We are focused in finance. We are focused in experience, and all our business are growing and doing well. And I’m going to open to you today much more info about how we are operating.
We are also focused in
Business
Eswari Global Metal Industries files papers for Rs 1,100-1,300-cr IPO
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) of up to 1.32 crore equity shares by promoters and another selling shareholder, according to the draft red herring prospectus (DRHP) filed on Sunday.
The promoters offloading shares through the OFS are C Bharanikumar, Pradeep Chandrasekaran, Prasath Chandrasekaran, Sabarinathan Anbalagan, Hari Sudhan A, Nithin Arumugam, P Anbalagan and P Arumugam, while Palaniappan Ramalingam is the other selling shareholder.
The Coimbatore-based company may also consider a pre-IPO placement of up to Rs 100 crore in consultation with the book-running lead managers. If such a placement is completed, the size of the fresh issue will be reduced accordingly.
As per market sources, the IPO size is pegged at Rs 1,100 crore to Rs 1,300 crore.
Proceeds from the fresh issue will include Rs 150 crore to part-finance capital expenditure towards the Phase-II expansion of its manufacturing facility at Mundra in Gujarat, Rs 250 crore for payment of debt, with the remaining funds to be used for general corporate purposes, the draft papers showed.
Incorporated in 1987, Eswari Global Metal Industries is an integrated multi-metal and waste recycling and value-added manufacturing company engaged in recycling non-ferrous metals, plastics and e-waste.It manufactures value-added products including pure lead and lead alloys, aluminium alloys, copper ingots, tin products and plastic granules catering to industries such as battery manufacturing, automotive and industrial sectors.
The company operates nine manufacturing facilities across Karnataka and Tamil Nadu through itself and its subsidiaries, with a total installed production capacity of 165,106 metric tonnes per annum (MTPA) as of December 31, 2025.
For the nine months ended December 2025, the company reported a revenue of Rs 1,401.5 crore and a net profit of Rs 83.9 crore.
DAM Capital Advisors, ICICI Securities and Motilal Oswal Investment Advisors are the book-running lead managers to the issue, while KFin Technologies is the registrar.
Business
Synergy CHC Corp. (SNYR) Shareholder/Analyst Call Prepared Remarks Transcript
Jack Ross
CEO & Chairman
Welcome to the 2026 Annual Meeting of the Stockholders of Synergy CHC Corp. It is now 10:00 a.m., and the meeting will please come to order. My name is Jack Ross, and I’m the Chief Executive Officer, and I will provide over the — preside over the meeting. Also present are Jamie Fickett, our Chief Financial Officer; Jon Smith from Vstock Transfer, who will act as our Inspector of Elections for this meeting; and Mike Bradshaw from Nelson Mullins Riley & Scarborough LLP, the company’s outside counsel.
We have adopted an agenda for our program this morning. In accordance with the agenda, we will proceed as follows: I will conduct official business of the 2026 Annual Meeting during this portion of the meeting. All discussions will be limited to official business at hand and participation will be limited to the stockholders of record and their proxies. If you wish to participate in this meeting, please use the Q&A button on your screen.
We will now proceed to the business portion of this meeting. We have an affidavit from Vstock Transfer LLC, certifying that on or about April 30, 2026, the company furnished notice of the annual meeting and made proxy materials available to the stockholders in accordance with the applicable SEC rules, including by mailing a notice of intent, availability proxy materials and stockholders entitled to vote at the meeting. A list of the stockholders entitled to vote at this morning’s meeting has been available at the company’s headquarters for the past 10 days for inspection of any of the stockholders entitled to vote.
Vstock Transfer has examined the
Business
Supplements sold on Amazon, Walmart recalled over possible salmonella risk
Check out what’s clicking on FoxBusiness.com.
Organic moringa supplements sold through major online retailers including Amazon, Walmart, Target and TikTok Shop are being recalled nationwide after a supplier identified a potential salmonella contamination risk.
New York-based Total Nutrition Inc. voluntarily recalled two TNVitamins organic moringa products after its supplier recalled the raw organic moringa ingredient because of possible salmonella contamination. The company said no illnesses have been reported in connection with the recall.
The recalled products include TNVitamins 100% Organic Moringa 1,200 mg Capsules (Product No. AB9917, Lot 2800, expiration date February 2028) and TNVitamins 100% Organic Moringa Powder (Product No. AB9904, Lot 2782, expiration date May 2028).

Split image showing TNVitamins organic moringa capsules and moringa powder, two products recalled nationwide over possible salmonella contamination. (TNVitamins)
The supplements were distributed nationwide through Amazon, Walmart, Target, TikTok Shop and the company’s website.

The back label of a TNVitamins organic moringa supplement bottle displays the product’s ingredients and supplement facts. (TNVitamins)
COSTCO-BRAND COLD AND FLU MEDICATION RECALLED BY FDA: ‘NOT EFFECTIVE’
Salmonella can cause serious and sometimes fatal infections in young children, older adults and people with weakened immune systems. Healthy people infected with the bacteria often experience symptoms including fever, diarrhea, nausea, vomiting and abdominal pain. In rare cases, the infection can spread to the bloodstream and lead to more severe illnesses.
Consumers who purchased the affected products should not consume them and should dispose of them immediately. Products with lot numbers that do not match the recalled lots are not affected.
NEARLY 6,000 POUNDS OF FROZEN MEATLOAF RECALLED OVER UNDECLARED SOY, USDA SAYS

Consumers who purchased the affected products should not consume them and should dispose of them immediately. (Jeffrey Greenberg/Universal Images Group via Getty Images)
The recalled moringa capsules come in a white bottle containing 90 clear capsules filled with green organic moringa powder, while the moringa powder is sold in a white HDPE jar containing 96 grams of green organic moringa powder.
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Customers seeking additional information can visit TNVitamins’ recall page or contact the company via email.
Business
Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
Business
Flaws In The Dow Jones Index: Can Alphabet Make It Better?
Flaws In The Dow Jones Index: Can Alphabet Make It Better?
Business
New technology addresses plant-based formulation challenges

Amano Enzyme’s ProBoost Neutra may enhance functionality and flavor of plant-based foods.
Business
What Walmart wants from food entrepreneurs

Buyers from the retailer explain how they work with startups.
Business
Starbucks Shares Gain 1.3% as Coffee Giant Navigates Recovery and Menu Innovation
NEW YORK — Shares of Starbucks Corp rose modestly Monday, reflecting investor optimism around the coffee chain’s ongoing efforts to revitalize its U.S. business through menu innovation, operational improvements and digital enhancements amid shifting consumer preferences.
The stock advanced about 1.3% to around $103.26 in morning trading, adding to recent performance as the company works to address sales softness while capitalizing on its global brand strength and premium positioning in the competitive quick-service restaurant sector.
Starbucks has faced challenges in its largest market with slower traffic and increased competition from value-oriented rivals. Management has responded with a multi-pronged strategy emphasizing new beverages, food offerings and loyalty program enhancements to drive customer engagement.
The company’s latest quarterly results showed sequential improvement in U.S. comparable sales trends, though challenges persist in certain regions. Executives highlighted progress in simplifying operations and introducing products tailored to evolving tastes.
Starbucks continues investing in its digital ecosystem, with mobile ordering and rewards programs playing key roles in customer retention. The Starbucks app has become one of the industry’s most successful loyalty platforms, offering personalized recommendations and seamless transactions.
International operations remain a growth engine for Starbucks, with strong performance in markets across Asia, Europe and Latin America. The company has expanded its store footprint globally while adapting menus to local preferences and cultural contexts.
Menu innovation has become central to Starbucks’ North American strategy. Recent launches include new refreshers, seasonal beverages and food items designed to appeal to health-conscious and value-seeking customers.
Operational changes aim to improve speed of service and reduce complexity behind the counter. These efforts include streamlined workflows and technology investments to enhance efficiency during peak hours.
Monday’s share movement occurred without major company-specific news, suggesting continuation of positive sentiment from recent strategic updates and broader consumer discretionary sector stability. Starbucks shares have shown resilience despite industry headwinds.
Analysts maintain mixed but generally constructive views, with some highlighting potential for margin recovery as cost pressures ease and comparable sales stabilize. Price targets reflect expectations for gradual improvement in the U.S. business.
Starbucks’ premium brand positioning differentiates it in a fragmented coffee market. Its focus on quality ingredients, ethical sourcing and community engagement supports customer loyalty even during economic uncertainty.
The company has faced labor relations challenges in recent years, with unionization efforts at select stores. Management continues emphasizing direct communication with partners while implementing wage increases and benefit enhancements.
Sustainability initiatives remain integral to Starbucks’ identity. The company has set ambitious targets for reducing carbon emissions, responsibly sourcing ingredients and advancing diversity and inclusion goals.
Digital and third-place experience investments aim to enhance both convenience and in-store ambiance. Starbucks stores serve as community gathering spots beyond mere transaction points, supporting higher average tickets.
Global supply chain management has proven critical amid geopolitical tensions and commodity price fluctuations. Starbucks’ scale provides advantages in securing quality coffee beans and other inputs.
Monday’s trading reflected measured buying interest. The stock has navigated volatility while trending in a range as investors assess the effectiveness of turnaround initiatives.
Starbucks’ leadership transition and strategic refresh have drawn attention. New executives bring experience from consumer and technology sectors to support innovation and operational excellence.
The quick-service restaurant industry faces evolving consumer behaviors with greater emphasis on value, convenience and health. Starbucks adapts through tiered pricing, mobile-first experiences and menu diversification.
International expansion provides diversification from U.S. challenges. Markets like China continue offering significant growth potential despite periodic economic fluctuations.
Loyalty program enhancements and personalized marketing leverage customer data to increase visit frequency and spending. These capabilities represent competitive advantages in a digital-first retail environment.
As Starbucks progresses with its transformation plan, key metrics include U.S. traffic trends, average ticket growth and margin performance. Consistent improvement could support further share price appreciation.
The company’s brand strength and global reach provide a foundation for long-term growth. Starbucks has demonstrated adaptability through previous industry disruptions.
Monday’s gains contribute to Starbucks’ steady performance amid broader market movements. The stock reflects confidence in management’s ability to execute strategic priorities.
Starbucks continues balancing growth investments with returns to shareholders through dividends and share repurchases. This balanced approach appeals to income and growth investors.
The coffeehouse experience remains core to Starbucks’ identity even as digital channels expand. Physical stores drive brand discovery and community connection that complement app-based ordering.
Industry analysts expect continued innovation in beverages and food as Starbucks seeks to differentiate from competitors. Seasonal offerings and limited-time collaborations generate excitement and incremental sales.
As consumer spending patterns evolve, Starbucks’ premium positioning may benefit from aspirational purchases even in value-conscious times. Its rewards program helps maintain engagement across economic cycles.
Monday’s session highlighted Starbucks’ relative stability within consumer discretionary names. The company’s defensive characteristics in food service support consistent performance.
Starbucks’ role in popular culture and daily routines underscores its market position. The brand’s ubiquity creates both opportunities and expectations for continuous improvement.
Looking ahead, Starbucks will focus on operational excellence, customer-centric innovation and sustainable growth. Its trajectory depends on successful navigation of competitive and economic challenges.
Business
Burnham’s Manchesterism could change the UK, but is not yet a full economic plan
“True to the motto of this city, I am going to do things differently,” Andy Burnham declared, a reference to the film 24 Hour Party People.
His speech in Manchester did indeed show a rather different way of seeing and running the UK.
The departing Greater Manchester mayor presented a diagnosis of what has caused economic malaise, rooted in his own experiences running the city and when he was previously in Cabinet.
At its heart it is a critique of an unresponsive British state, adept at arguing with itself, rather than achieving real change and rebuilding the country.
His solutions were ambitious, and mostly rather general, taking power from the centre and giving it to regions and cities, as occurs routinely in other advanced countries.
Burnham tells a story of his time as chief secretary to the Treasury, two decades ago, wishing to build a northern equivalent to London’s Crossrail, but being told it would not pass the Treasury cost benefit equation.
His speech today was not a detailed plan for the economy, with assessments of appropriate levels of tax, spend, investment and infrastructure and strategies for trade, AI and Europe.
Perhaps that is partly because this is still officially a Labour leadership campaign. It rather appears that he is trying to keep as much powder dry as possible on the precise trade-offs, for as long as possible.
There was general policy direction on changes to business rates, housebuilding, technical education, and infrastructure. The upbeat and optimistic tone was also notable.
In two specific areas Burnham appeared to want to communicate a capacity for being prudent on spending and borrowing. He confirmed he will stick to existing borrowing rules, and also backed the Milburn Review into young people’s employment outcomes, which could lead to welfare savings.
These are two parts of what has been described to me as a broad five-part plan. Devolution, and industrial policy are two other legs. The remaining part was referred to by Burnham as quicker help on the cost of living.
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